Job-hopping executives and corporate social responsibility

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Date
2024-06-19
Open Access Location
Journal Title
Journal ISSN
Volume Title
Publisher
Emerald Publishing Limited
Rights
(c) 2024 The Author/s
CC BY 4.0
Abstract
Purpose The purpose of this study is to examine the relationship between the corporate social responsibility (CSR) performance of job-hopping executives at their former and subsequent firms. Design/methodology/approach We conduct regression analyses using a sample of firms listed on the Shanghai and Shenzhen Stock Exchanges from 2010 to 2020 to examine whether CSR performance is similar from one firm to the next as executives switch jobs. Findings We find a positive relationship between the CSR performance of former and subsequent firms under job-hopping executives. This relationship is the strongest in the year of the job switch; it weakens in the second year and eventually disappears in the third year. In addition, we show that this relationship benefits different CSR stakeholder groups and is contingent on executive and subsequent firm attributes and job-hopping characteristics. Furthermore, we demonstrate that firms that hire a new chief executive officer from a firm with a strong track record in CSR, the new firm experiences a significant surge in CSR performance compared with firms that do not experience such a shock. Practical implications This study has implications for executive hiring decisions. Originality/value This study extends the understanding of CSR determinants through the lens of inter-organisational ties associated with job-hopping executives.
Description
Keywords
CSR, Job-hopping, Executive characteristics
Citation
Fang J, Tian Y, Hu Y. (2024). Job-hopping executives and corporate social responsibility. China Accounting and Finance Review. 26. 2. (pp. 196-228).
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